Impacted by higher commodities prices, Hyundai Motor India (HMIL) on Friday reported a year-on-year (YoY) decline of 22.22 per cent its consolidated net profit to ₹1,255.6 crore for the fourth quarter (Q4) ended March, as compared with ₹1,614.3 crore in the same period previous year.
However, consolidated revenue grew by 5.4 per cent YoY to ₹18,916.2 crore for the quarter in review, as against ₹17,940.3 crore in the Q4 fiscal year 2024-25 (FY25). The company also said it will invest ₹7,500 crore on new products and expansions of its plants in Chennai and Pune.
HMIL achieved highest-ever quarterly domestic sales of 1,66,578 units in Q4 FY26 as compared with 1,53,550 units in Q4 FY25, led by GST 2.0 tailwinds and agile product interventions, wholesale volume grew by 8.7 YoY, it said.
For the financial year also, HMIL reported decline in its consolidated net profit by 3.7 per cent YoY to ₹5,431.5 crore in FY26 as compared with ₹5,640.2 crore FY25. But, consolidated revenue grew by 2.2 per cent to ₹70,763.3 crore in FY26 as compared with ₹69,192.9 crore in FY25.
In terms of sales, HMIL reported a decline of 2.3 per cent in its domestic sales to 5,84,906 units in FY26 as compared with 5,98,666 units in FY25.
“FY26 was a year where we demonstrated our ability to effectively navigate a challenging environment while capitalising on emerging opportunities, supported by GST 2.0 reforms, strategic product interventions, strong export volumes and our continued focus on ‘Quality of Growth’. Looking ahead to FY27, we have started the year on a strong footing, with April domestic volumes growing 17 per cent YoY,” Tarun Garg, Managing Director and CEO, HMIL, said.
He said the company expected this positive momentum to continue and backed by product launches in high-demand segments and other strategic initiatives, HMIL expects 8-10 per cent volume growth in domestic market.
“Having said that, our enhanced plant capacity and flexible operations position us to swiftly respond to any further growth opportunities, should they arise during the year. For exports, we remain watchful of geopolitical uncertainties, however, we are confident of registering 8-10 per cent volume growth, reinforcing our position as the hub for emerging markets,” Garg added.
Meanwhile, the board of directors has recommended a dividend of ₹21 per share on face value of ₹10 per share, subject to approval by shareholders.
Shares of HMIL were closed at ₹1,852.45 apiece on the BSE at 16.01 hours, up 0.87 per cent from the previous close.